Valuing Cryptocurrency Assets Warned As Thorny For Financial Advisers

Putting a value on your cyptocurrency and other crypto assets can be tricky for an adviser, experts told an Investment Adviser Association webinar Friday.

The wide range of factors come into play in putting an accurate value on the assets  are important because valuation helps determine the performance of the cryptocurrency accounts and fees charged investors, attorneys from the law firm of Seward & Kissel told the audience.

One factor complicating valuation they said is the aggregate trading volume of the top five Bitcoin exchanges accounts for only 26% of the global trading volume.

Additionally, since most cryptoasset trading is not done in U.S. dollars, exchange rates can complicate valuations, the attorneys pointed out.

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